🚀 Sonic Labs Prepares Public Launch of L1 Blockchain
posted 21 hr ago
Sonic Labs has shared news of their upcoming public L1 network launch, following a key blockchain snapshot.
Following the launch of their Genesis block—the inaugural block of the blockchain—Sonic Labs (formerly Fantom) revealed that their Layer-1 network would soon be available for public use.
The announcement stirred excitement in the crypto community, drawing 420,000 views on X and driving a 30% increase in the value of FTM, the native token of Fantom.
As the successor to the Fantom Opera network, Sonic has been rebranded to support broader goals of improving performance, reducing latency, and slashing transaction fees.
With a capacity for 10,000 transactions per second and a one-second confirmation time, Sonic seeks to set a new standard for high-performance blockchains.
On December 1, 2024, the project performed a blockchain snapshot to set the stage for rewarding its active users. Once the public network is operational, Sonic tokens (tickerl: “S”) will be pegged 1:1 to existing FTM tokens on the Fantom network.
FTM surged by 30% following the announcement of Sonic Labs’ Layer-1 launch. Source: tradingview.com
Sonic is an Ethereum Virtual Machine (EVM)-compatible blockchain that emphasizes speed, user incentives, and a robust infrastructure.
As the successor to the Fantom Opera network, Sonic has been rebranded to support broader goals of improving performance, reducing latency, and slashing transaction fees.
With a capacity for 10,000 transactions per second and a one-second confirmation time, Sonic seeks to set a new standard for high-performance blockchains.
On December 1, 2024, the project performed a blockchain snapshot to set the stage for rewarding its active users. Once the public network is operational, Sonic tokens (tickerl: “S”) will be pegged 1:1 to existing FTM tokens on the Fantom network.
The new blockchain will include Sonic Gateway, a cross-chain bridge linking to Ethereum. This bridge will provide access to Ethereum’s liquidity and user ecosystem, ensuring the platform retains high throughput and low transaction fees.
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